Morgan Stanley MSBT Bitcoin ETF Records $34 Million First-Day Trading Volume

Morgan Stanley’s MSBT Bitcoin ETF delivered a strong market debut, recording $34 million in trading volume on its first day. The performance exceeded expectations and highlighted renewed investor interest in spot Bitcoin exchange-traded funds amid improving market sentiment.

MSBT Bitcoin ETF Launch Surpasses Analyst Expectations

According to market data, the Morgan Stanley Bitcoin Trust (MSBT) traded 1,658,176 shares on launch day and closed at $20.47 per share. The total trading volume surpassed the $30 million forecast previously estimated by Bloomberg Senior Analyst Eric Balchunas, signaling stronger-than-expected demand for the new fund.

The ETF was launched with a 0.14% sponsor fee, making it the lowest-cost Bitcoin exchange-traded product (ETP) currently available. By comparison, BlackRock’s iShares Bitcoin Trust (IBIT) charges 0.25%, while the Grayscale Bitcoin Mini Trust ETF carries a 0.15% fee.

Bitcoin ETF Market Rebounds Alongside Price Surge

The launch coincided with Bitcoin’s strongest daily gain in about a month, rising more than 7.5% from $67,700 to approximately $72,800 before stabilizing near $71,000.

The broader ETF market also showed recovery signs, with $471 million in net inflows recorded earlier in the week, led by IBIT and Fidelity Investments’ FBTC, despite nearly $5 billion in outflows since November.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.